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Latest Update to Government Spending and Revenue Data

by Christopher Chantrill
June 13, 2008

EVERY YEAR in February (in 2008 it was February 4) the federal government publishes the Budget of the United States Government. It updates numbers on actual historical federal government spending and receipts and new budgeted and estimated spending and revenue for the next five years.

Every year (in 2008 it was in June) the United States Census Bureau publishes an annual survey of State and Local Government Finances that covers spending and revenue for state and local governments. Every five years (the last time was for FY 2002) the bureau conducts a census of state and local government spending and revenue.

Last Update: We replaced “guesstimated” state and local spending and revenue for FY 2006 with actual spending and revenue in mid-June 2008. The “guesstimated” spending and revenue for FY 2007 thru FY 2013 was reprojected based on the change in actual spending and revenue numbers between FY 2005 and FY 2006 published by the US Census Bureau.

Next Update: We will update the federal spending and revenue numbers when the president’s 2010 budget is published in February 2009. At that time we will replace budgeted FY 2008 spending and revenue with actual spending and revenue, and update the budgeted and estimated spending and revenue for FY 2009 through FY 2013. We will add FY 2014 estimated federal government spending and revenue.

Christopher Chantrill blogs at www.roadtothemiddleclass.com.  His Road to the Middle Class is forthcoming.

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